The Results of Running the Dictator Game Experiments Thousands of Times

question 95

Multiple Choice

The results of running the dictator game experiments thousands of times have revealed to behavioral economists that

• A)people's sense of fairness is fairly uniform across the population.
• B)most people have little concern for others when it comes to financial matters.
• C)individual feelings about fairness and generosity vary widely across the population.
• D)most people are willing to give more than they will keep for themselves.

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Definitions:

Financial Intermediaries

Institutions that act as a middleman between savers and borrowers, including banks, investment funds, and insurance companies.

Budget Deficit

The situation where a government's expenditures exceed its revenues over a specific period of time, leading to a need for borrowing or spending cuts.

Budget Surplus

The situation in which a government's revenues exceed its expenditures during a given period, indicating financial health.

Public Saving

The portion of national saving that is accumulated by the government sector, often reflected as the difference between government revenues and expenditures.